0001104659-23-048225 Sample Contracts

AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 21st, 2023 • M Fund Inc

This Amendment (the “Amendment”) is made and entered into on April 6, 2023 among M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser”) and M Fund, Inc. a Maryland corporation (the “Fund” and with the Adviser, the “Parties”).

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 21st, 2023 • M Fund Inc

This Expense Limitation Agreement is made as of the 1st, day of May, 2023 by and between M Fund, Inc., a Maryland corporation (the “Fund”) on behalf of its series M International Equity Fund, M Large Cap Growth Fund, M Capital Appreciation Fund, and M Large Cap Value Fund (each, a “Portfolio”), and M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser”), with respect to the following:

AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • April 21st, 2023 • M Fund Inc

This Amendment (the “Amendment”) is made and entered into as of April 6, 2023, by and between M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser”) and Frontier Capital Management Co., LLC, a Delaware limited liability company (the “Sub-Adviser,” and with the Adviser, the “Parties”).

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